PASTORAL TAXATION Sample Clauses

PASTORAL TAXATION. In the Church of the Brethren, pastors are not self-employed, but are rather common-law employees of the congregation who are exempt from FICA (Federal Insurance Contributions Act) but are subject to SECA (Self Employment Contributions Act). Employers of pastors are prohibited from withholding FICA (Social Security & Medicare) taxes for them, as they do for their non-pastor employees. Thus, pastors are required to pay self- employment taxes on all income earned as pastors to contribute to Social Security & Medicare. Employers of pastors may, however, withhold federal (and state and local, if required) income taxes for the pastor so that the pastor does not have to make estimated tax payments. This should occur upon request of the pastor and upon receipt from the pastor of IRS Form W-4. Types of Taxes • Federal (and State and Local) Income Taxes • FICA (Federal Insurance Contributions Act) Taxes are taxes on Social Security and Medicare income, and are paid half by the employer and half by the employee through employer withholding. • SECA (Self-Employment Contributions Act) Taxes are essentially both halves of FICA taxes, paid by the self-employed person. They accomplish the same result: full payment of taxes due for Social Security and Medicare for the pastor. States and municipalities vary on whether they tax housing exclusions and parsonage adjustments. This brief description is meant to be a resource but should not be considered tax advice. Please consult with a knowledgeable clergy tax professional. IRS FORM W-2 IRS operates a centralized call site to answer questions about reporting information on W-2 forms. If you have any questions about completing a Form W-2, call the IRS at 0-000-000-0000. Social Security operates a Business Services Online Portal for Employers where you can electronically file Forms W-2 and W-3 (total of all Forms W-2) for free: xxxxx://xxx.xxx.xxx/bso/bsowelcome.htm COMPLETING THE PASTOR'S W-2 IRS FORM W-2 BOX NUMBERS PAGE 7 TABLE CELLS: CONGREGATIONC PASTORP Box 1: Wages, tips, other compensation ( 1C + 9C ) MINUS ( 2cP + 3aC + 3bP + 4aP [Codes D, E, F, G, H only] + 5aP + 6aP + 6bP + 6cP + 7aP + 7bP + 7cP ) Box 2: Federal income tax withheld **see note below** Box 3: Social security wages Leave blank or enter $0.00 Box 4: Social security tax withheld Leave blank or enter $0.00; **see note below** Box 5: Medicare wages and tips Leave blank or enter $0.00 Box 6: Medicare tax withheld Leave blank or enter $0.00; **see note below**...
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PASTORAL TAXATION. Pastors are not self-employed, but are rather common-law employees of the congregation who are exempt from FICA (Federal Insurance Contributions Act) but are subject to SECA (Self Employment Contributions Act). Employers of pastors are prohibited from withholding FICA (Social Security & Medicare) taxes for them, as they do for their non-pastor employees. Thus, pastors are required to pay self-employment taxes on all income earned as pastors. Employers of pastors may, however, withhold federal (and state and local, if required) income taxes for the pastor so that the pastor does not have to make estimated tax payments.
PASTORAL TAXATION. 39 Pastors are not self-employed, but are rather common-law employees of the 40 congregation who are exempt from FICA (Federal Insurance Contributions Act) 41 but are subject to SECA (Self Employment Contributions Act). 42 43 Employers of pastors are prohibited from withholding FICA (Social Security & 44 Medicare) taxes for them, as they do for their non-pastor employees. Thus, pas- 45 tors are required to pay self-employment taxes on all income earned as pastors. 46 Employers of pastors may, however, withhold federal (and state and local, if re- quired) income taxes for the pastor so that the pastor does not have to make es- 1 timated tax payments. 2 Types of Taxes 4 • Federal Income Tax 5 • FICA Taxes are taxes on Social Security and Medicare income, and are paid ha 6 by the employer and half by the employee through employer withholding. 7 • Self-Employment Taxes are essentially both halves of FICA taxes. They ac- 8 complish the same result: full payment of taxes due for Social Security and 9 Medicare for the pastor. 10 States and municipalities vary on whether they tax 11 housing exclusions and parsonage adjustments. 12 Please consult with a knowledgeable clergy tax professional. 13 IRS FORM W-2 15 16 IRS operates a centralized call site to answer questions about reporting 17 information on W-2 forms. If you have any questions about completing a 18 Form W-2, call the IRS at 0-000-000-0000 Monday through Friday, 19 8:30am through 4:30pm Eastern time. 20 Social Security operates a Business Services Online Portal for Employers 22 where you can electronically file Forms W-2 and W-3 (total of all Forms W-2) 23 for free: xxx.xxx.xxx/xxx/xxxxxxxxxx.xxx 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 1 Church of the Brethren 2 Guidelines For Pastors’ Salaries And Benefits 3 Pastoral Compensation and Benefits Advisory Committee 4 and the Office of Ministry Approved 07/1999 Revised 10/2007 Revised 06/2019 Revised 01/2000 Revised 10/2009 Revised 10/2021 Revised 10/2002 Revised 10/2010 Revised 10/2003 Revised 06/2017 9 11 I. Introduction 12 II. Compensation

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